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Registered number: 00931957
Valek Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Ormesher & Co Bookkeeping & Accounts
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00931957
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,184 15,742
13,184 15,742
CURRENT ASSETS
Stocks 5 200 200
Debtors 6 4,286 4,902
Cash at bank and in hand 8,012 9,038
12,498 14,140
Creditors: Amounts Falling Due Within One Year 7 (4,410 ) (3,901 )
NET CURRENT ASSETS (LIABILITIES) 8,088 10,239
TOTAL ASSETS LESS CURRENT LIABILITIES 21,272 25,981
NET ASSETS 21,272 25,981
CAPITAL AND RESERVES
Called up share capital 8 500 500
Revaluation reserve 9 3,150 3,150
Profit and Loss Account 17,622 22,331
SHAREHOLDERS' FUNDS 21,272 25,981
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Jackson
Director
22/09/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Valek Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00931957 . The registered office is 2 Lark Street, Darwen, Lancashire, BB3 2LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation Applied
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Office & Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:1 1 (2025: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 9,078 28,160 21,559 4,992
Additions - - - -
Disposals - (28,160 ) - (4,992 )
As at 31 March 2026 9,078 - 21,559 -
Depreciation
As at 1 April 2025 - 26,860 17,083 4,947
Provided during the period - - 1,119 -
Disposals - (26,860 ) - (4,947 )
Other - - - -
As at 31 March 2026 - - 18,202 -
Net Book Value
As at 31 March 2026 9,078 - 3,357 -
As at 1 April 2025 9,078 1,300 4,476 45
Office & Computer Equipment Total
£ £
Cost
As at 1 April 2025 1,577 65,366
Additions 999 999
Disposals (1,577 ) (34,729 )
As at 31 March 2026 999 31,636
Depreciation
As at 1 April 2025 734 49,624
Provided during the period - 1,119
Disposals (734 ) (32,541 )
Other 250 250
As at 31 March 2026 250 18,452
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2026 749 13,184
As at 1 April 2025 843 15,742
5. Stocks
2026 2025
£ £
Stock 200 200
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 3,516 3,814
Other debtors 770 1,088
4,286 4,902
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors (1 ) -
Amounts owed to participating interests 2,203 1,892
Other creditors 672 640
Taxation and social security 1,536 1,369
4,410 3,901
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 500 500
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2025 3,150 22,331
Loss for the year and total comprehensive income - (4,709 )
As at 31 March 2026 3,150 17,622
Page 5